The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. An agreement to build an oil refinery has reportedly been signed between Iraq's Mosul province and the Kurdistan Regional Government (KRG) on Monday. Governor Atheel al-Nujaifi (pictured) said: "This agreement will change Iraq's image, which is identified with war and incitement to war." (Source: Turkish Press)
MEED’s Kurdistan Projects conference 2014 shows why the region, long seen as a platform for doing business elsewhere in Iraq, has now become a hotspot for investments. The Kurdistan Region of Iraq has long been considered as a business friendly environment for foreign companies and a gateway for doing business elsewhere in the country. But […]
By John Lee. A French company is planning to build a replica of the Eiffel Tower in Sulaymaniyah. But according to reports from Zawya, the structure will be a mere three storeys high. The project will include shops selling French products, and will feature laser lights showing the flags of Kurdistan and France. The name […]
By John Lee. Iraqi oil minister Abdul Kareem al-Luaibi [Elaibi] (pictured) has said that parliament set up a high-level delegation several days ago to resolve the oil export dispute between Baghdad and Erbil, and he expects a deal to be reached within days. According to Reuters, Ankara is awaiting Iraq's blessing before allowing exports to […]
By John Lee. Yum! Brands has announced the opening of the first Pizza Hut in Iraq with franchise partner, Al Kout Food Company. The new restaurant in the popular Majidi Mall in Erbil features "a full casual dine-in experience for Iraqi consumers with a vibrant, youthful design and seating for 120 people. The menu is […]
The Head of the KRG's Department of Foreign Relations, Minister Falah Mustafa, and Assistant Head of the DFR, Ms. Siham Jabali, met with the Director of the German Institute for International and Security Affairs (SWP), Dr. Volker Perth, to brief him on KRG foreign and domestic policy and the current political developments in Kurdistan, Iraq, […]
A delegation from the Middle East Institute, an American think tank, visited the Kurdistan Regional Government’s Department of Foreign Relations where they met with the Head of the DFR, Minister Falah Mustafa, and the Assistant Head of the DFR, Siham Jabali. The delegation, headed by former Ambassador Wendy Chamberlin, discussed their visit to Kurdistan, highlighting […]
Speech given by Baroness Nicholson of Winterbourne, UK Trade Envoy for Iraq and Chairman of the Iraq Britain Business Council, to the ‘Investment Forum in Iraq and Kurdistan Region’, Rotana Hotel, Erbil: ‘I am indeed grateful for the privilege of addressing this eminent audience,and I thank most warmly the President of The Kurdistan Federation of […]
By John Lee. Afren have announced their full year results for 2013, highlighting what they describe as record revenues and cash flows, production ahead of guidance, continued exploration success and significant balance sheet strength. Included here are the company results for their work in the Kurdish region of Iraq. You can see more detail on […]
A delegation from the UK Export Finance Department visited the Kurdistan Department of Foreign Relations to discuss opportunities for building further relations with Kurdistan in various fields of infrastructure and investment. The UK delegation was led by Steve Dodgson, the Business Group Director of UK Export Finance and included the British Consul General, Hugh Evans […]
Following approval of its declaration of commerciality by the Kurdistan Regional Government (KRG), WesternZagros Resources has announced that it is moving to develop the first of its two significant light oil discoveries. Once its development plan for the Sarqala field is approved, the Company expects to produce up to 10,000 barrels per day (bbls/d) of […]
By John Lee. Oryx Petroleum has announced two positive updates on its operations in the Hawler license area in Iraqi Kurdistan, in which the company has a 65 perccent participating and working interest: Testing of the DD-4 appraisal well on the Demir Dagh field achieved expected flow rates and confirmed reservoir and fluid characteristics. Henry Legarre […]
